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excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" made available under the federal arbitrage regulations. In addition, money in the Account 9flall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed II within the meaning of Section l03(h) of the Internal Revenue Code of 1954, as amended. 17. For th~ purpose of complying with the provisions of Minnesota Statutes, Section 273.75, Subdivision 5, the City has approved development agreements with developers for development or redevelopment of at least 75 percent of the Tax Increment Oistricts properties to be acquired by the City with the proceeds of the Bonds issued hereunder, which agreement(s) provide for recourse for the City should such development or redevelopment not be completed. 18. The City has requested the original assessed values (as defined in Minnesota Statutes, Section 273.73, Subdivision 7) of property in Tax Increment Districts No.1, and 2, as modified and Tax Increment District No.4. The County Auditor has heretofore certified the original assessed value of Tax Increment District No.3. The City has determined to retain 100% of the captured assessed values for purposes of tax increment financing. The County Auditor shall, in each such year, compute the mill rates to be extended against the captured assessed values in the manner provided in Minnesota Statutes, Section 273.76, Subdivision 3, and the tax generated thereby shall constitute the tax increments for the year in which it is received. The County Treasurer will remit to the City the tax increments so received until the cost of the Project, including principal and the interest on the Bonds, has been paid. The City hereby pledges and appropriates the tax increments to the Debt Service Account, which pledge and appropriation shall continue until all of the Bonds, and any additional bonds payable from the Debt Service Account, are paid or discharged. The City hereby expressly reserves the right to use the tax increments to finance costs set forth in the Plan not financed hereby or to finance costs of other projects to be undertaken from time to time within the Development District in accordance with the Program and the Plan, as may be from time to time amended. In particular and as an application of the previous sentence, the City hereby expressly reserves the right to use Excess Developer's Tax Increments, as defined in a Development Agreement by and 16